ChargePoint to grow global EV charging network to 2.5 million

ChargePoint, operator of one of the world's largest charging station networks for electric vehicles (EV), is targeting a near fifty-fold increase in its global network of loading spots by the middle of next decade, it said on Friday.

The group, in which German companies BMW, Daimler and Siemens hold stakes, aims to operate 2.5 million charging points by 2025, up from a network of around 53,000 currently, it said in a statement.

The Silicon Valley-based group supplies charging hardware and software. It owns no re-charging stations of its own but works like an Airbnb or Uber to create a network of locations and schedule bookings at available charge points.